The biomass of a certain Malthusian population has been increasing at a steady 6% per decade. What is the ANNUAL percent increase of this population?
help! i got 0.6% which isnt right
help! i got 0.6% which isnt right
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(1+r)^10 = 1.06
(1+r) = 1.06^(1/10) = 1.0058439
r = .0058439 = 0.58439% <----------
(1+r) = 1.06^(1/10) = 1.0058439
r = .0058439 = 0.58439% <----------